Fermi America & Hyundai E&C Partner on 11 GW Nuclear Project
11 GW
Capacity
development
Stage
Project Matador
Project
Fermi America is deepening its partnership with Hyundai Engineering & Construction (Hyundai E&C) to advance the 11 GW Project Matador, a private energy campus near Amarillo, Texas. The project aims to restart large-scale nuclear construction in the U.S. and provide baseload power for AI, data centers, and industrial demand. The partnership leverages Hyundai E&C's experience in nuclear reactor construction and focuses on aligning U.S. contractors, strengthening the nuclear supply chain, and building workforce readiness. Project Matador intends to integrate a large nuclear complex with natural gas, solar, and battery storage into a private grid.
Deal Analysis
Fermi America and Hyundai E&C's partnership to develop the 11 GW Project Matador represents a significant push to revitalize large-scale nuclear construction in the United States. The project aims to establish a private energy campus near Amarillo, Texas, integrating nuclear power with natural gas, solar, and battery storage to meet the growing baseload power demands of AI, data centers, and industrial consumers. By leveraging Hyundai E&C's nuclear reactor construction expertise, the partnership seeks to strengthen the U.S. nuclear supply chain, align domestic contractors, and enhance workforce readiness, addressing critical challenges in the nuclear energy sector.
Project Matador's ambition to create a private grid powered by a diverse energy mix is particularly noteworthy. The project's success hinges on navigating regulatory hurdles, securing financing, and effectively managing the complexities of integrating multiple energy sources. The involvement of Westinghouse as a supplier further underscores the project's potential to reshape the energy landscape and contribute to a more reliable and sustainable power supply for energy-intensive industries.
- 11 GW Project Matador is one of the largest announced nuclear projects in the U.S.
- Partnership between Fermi America and Hyundai E&C combines U.S. development expertise with international construction capabilities.
- Project aims to create a private energy campus integrating nuclear, gas, solar, and storage.
- Focus on serving the growing power demands of AI, data centers, and industrial consumers.
Market Context: The U.S. energy market is undergoing a transformation driven by increasing demand for reliable and clean energy sources. Nuclear energy is being considered as a critical component of the energy mix, particularly for providing baseload power to support the growth of energy-intensive industries. This project is taking place in Texas, a state with a deregulated energy market and a growing demand for electricity.
Timeline
Announced
Feb 12, 2026
Signed
Closed
Counterparts (5)
Market Context
This deal is part of the Nuclear, Gas, Solar, Storage sector in United States.
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